Bitcoin’s Rally Hangs in the Balance as Nvidia Earnings and Fed Minutes Loom—XRP Defies Odds with XRPFi Hype

Bitcoin bulls are sweating as two macro hurdles—Nvidia’s earnings report and the Fed’s latest minutes—threaten to derail its uptrend. Meanwhile, XRP clings to critical support levels, fueled by whispers of an ’XRPFi’ narrative gaining traction.

Tech traders are laser-focused on Nvidia’s numbers—after all, what’s a crypto rally without a little AI hype to justify the speculation? The Fed’s minutes, meanwhile, could either pour gasoline on the fire or remind everyone that cheap money isn’t coming back anytime soon.

XRP’s resilience surprises skeptics—though let’s be honest, ’key support’ is doing a lot of heavy lifting in that sentence. The XRPFi angle? Classic crypto: slap ’finance’ on anything and watch the bagholders line up.

Will Bitcoin dodge the macro bullets or get caught in the crossfire? Either way, grab popcorn—Wall Street’s ’risk-on’ mood swings are about to collide with crypto’s trademark volatility.

Prices have not been able to make significant gains this week despite a flurry of positive news, including stablecoin issuer Circle’s plans to file for an IPO and TRUMP Media’s plans to raise $2.5 billion to purchase bitcoin.

On-chain activity suggests that large investors have recently begun distributing coins, contributing to the market’s selling pressure. "As of May 26, the >10K BTC cohort has pivoted to net distribution (~0.3), signaling a notable shift in positioning among the largest holders," Glassnode said on X. The firm, however, added that overall, the market remains in an accumulation mode.

Later Wednesday, the spotlight will be on minutes of the Federal Reserve’s May meeting, which will offer detailed insights into the committee’s stance on monetary policy and potential clues about future interest rate decisions.

The central bank left the benchmark interest rate unchanged early this month, with Chairman Jerome Powell pointing squarely to President Donald Trump’s tariff war as a source of inflation and uncertainty. Powell also “stagflation” aloud.

The minutes are likely to reiterate the same, although the recent tariff delay by Trump means the market may not pay much attention to hawkish messaging.

Meanwhile, AI major Nvidia’s earnings announcement could move markets, particularly digital assets, given the historical positive correlation between BTC and NVDA.

The firm is expected to report strong earnings and revenue growth, driving benefits from investments in AI infrastructure. The focus will be on the company’s outlook on AI demand and China amid restrictions on Chip exports to China.

Payments-focused XRP held the 200-day simple moving average (SMA) during overnight trading amid growing social media chatter about XRPFi, or decentralized finance on the XRP Ledger.

Strobe Finance, which leverages the smart contract capabilities of Ripple’s EVM sidechain to create a DeFi platform on the XRP Ledger, stated that large amounts of XRO are currently idle and can be deployed in DeFi for additional yield.

"Ripple’s community research reveals a significant dormant user base: over 4 million inactive XRPL wallets hold an estimated US$2.15 billion in XRP, compared to 1.7 million active wallets. This dormant capital represents a large, addressable market waiting to be unlocked through compelling DeFi opportunities," Strobe said in a blog post.

The chart shows XRP trading in bullish territory, above the Ichimoku cloud and the 200-day Simple Moving Average (SMA). The average has acted as strong support or area of interest for buyers since early April.